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15 year-old with $1400.. what should I do? (alien.top)

submitted 11 months ago by real-venomrl@alien.top to c/entrepreneur@indiehackers.space

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As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.

The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?

I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.

I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.

If I should ask this on a different r/, please direct me there so I can figure out what I should do :)

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[–] gerrymandersonIII@alien.top 1 points 11 months ago

You're 15, don't listen to anyone telling you to play it safe. You couldn't be at a better stage to have financial drive at this age bc it afford you to take risks. Obviously don't be dumb with it, but if you're wanting to start a business or something, research it, identify a need, and go for it.